Posts tagged Nick Clegg
Deputy Prime Minister Nick Clegg has announced £213 million of industry investment that will improve UK’s manufacturing supply chain and create 11, 000 new jobs.
In addition to the thousands of new jobs that will be created through the multi-million investment, some 5,000 existing jobs are set to be safeguarded.
Over £73 million has been awarded from Round 2 of the Advanced Manufacturing Supply Chain Initiative (AMSCI) to 12 national supply chain projects, and a further £140 million will be invested by business.
The scheme was open to bids from all manufacturing sectors as the Chancellor, George Osborne, announced an additional £120 million in the Autumn Statement for two further rounds of AMSCI funding.
Examples of winning bids include the creation of a ‘National Aerospace Technology Exploitation Programme’ led by the Aerospace Growth Partnership to address skills shortages and improve R&D collaboration in the aerospace sector.
The £35 million project will create nearly 5,000 jobs in the supply chain. Another successful bid, led by David Brown Gear Systems in Huddersfield, will position the UK as a world leader in the creation of large gearboxes for the next generation of offshore wind turbines.
Deputy Prime Minister Nick Clegg said: “Boosting jobs and growth is my number one priority to build a stronger economy. This investment will secure Britain’s future as a world leader in industries like cars, where we have traditionally taken the lead, and new technologies such as wind turbine gears and semiconductor chips.”
What is your reaction to the investment announced by Deputy Prime Minister Nick Clegg to improve the manufacturing supply chain and create thousands of new jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter pages.
Nick Clegg has today transferred greater powers to local authorities across England to drive economic growth, build thousands of new homes and boost employment in the trades.
The Deputy Prime Minister has backed the ‘City Deal’ which aim is to grant more freedom, powers and tools needed for local government to shape their economic future and create new jobs.
Deputy Prime Minister, Nick Clegg said: “Even more places will be free from Whitehall control and have the tools to power their own growth. These deals help cities and their wider areas make once in a generation changes that will be felt by everyone across their region.”
Councils in England need to ease planning regulations and have greater control over funds to accelerate housing and residential developments.
According to Coventry and Warwickshire local authorities, the scheme is estimated to create around 30,000 jobs across the region and boost the trades.
The Coventry and Warwickshire Local Enterprise Partnership (CWLEP) that led the City Deal bid said it was pleased by the Government’s decision to drive economic development tand create new jobs in the area.
Sir Peter Rigby, chair of the CWLEP said: “This is great news for Coventry and Warwickshire and allows us to put our very exciting plans into place to do just what the LEP was established to do – to create jobs and economic growth and prosperity.”
The 20 cities and their outline proposals:
Black Country: want to use a City Deal to grow their high-value manufacturing sector. They want to build on the Black Country’s track record in designing, building and exporting components and products such as aircraft control systems, turbo technology and an extensive range of automotive components.
Bournemouth and Poole: want to use a City Deal to encourage a transition to a more balanced local economy by boosting Advanced Manufacturing (particularly marine and aerospace) as well as digital and creative industries.
Brighton and Hove: want to use a City Deal to realise the economic potential of their eco-tech sector. This is a new, and growing, sector in Brighton & Hove. The universities have developed specialisms in this area. Brighton and partners want to build on this and encourage more innovation and business growth.
Greater Cambridge: want to use a City Deal to unleash the next wave of the “Cambridge Phenomenon”, which is a cluster of high-tech firms that focus on biotechnology, software and electronics around Cambridge, many of which have links with Cambridge University. Greater Cambridge wants to spread the “brand” of Cambridge over a broader area by creating better links between the science and business parks (e.g. Babraham Research Campus), the city centre (where Cambridge and Anglia Ruskin Universities are based), strategic transport routes and key residential sites (including the new town development of Northstowe), as well as the Enterprise Zone at Alconbury.
Coventry and Warwickshire: want to use a City Deal to capitalise on existing strengths in advanced manufacturing and engineering and to support the expansion of this sector. Coventry and Warwickshire want to grow these sectors by raising the skill levels of the workforce by increasing the number of people with intermediate and high level engineering skills and encouraging greater innovation in the sector.
Hull and the Humber: wants to use a City Deal to maximise the potential of the Humber Estuary. The estuary is already a home to a chemicals and processing sector worth £6bn and has the highest tonnage throughput of any UK port. Humber now wants to grow the “Energy Estuary” by maximising these opportunities and the benefits of offshore wind investment – and to ensure that local people have the necessary skills to take up these opportunities.
Ipswich: want to use a City Deal to equip local people and businesses with the skills they need to take advantage of significant expansion in high value jobs through development of Sizewell and Felixstowe.
Leicester and Leicestershire: want to use a City Deal to accelerate the growth of key sectors in the economy (notably manufacturing and logistics) and to encourage greater commercialisation of research emanating from the three universities in the area (Loughborough, Leicester and De Montfort).
Milton Keynes and the South East Midlands: want to use a City Deal to deliver significant, sustainable growth in housing. Over the longer term, this will allow the local area, and South East Midlands, to attract and find homes for high-skilled workers to drive economic growth. In the shorter term, providing confidence to private sector developers will create jobs in construction and industry supply chains.
Greater Norwich: wants to use a City Deal to accelerate the growth of the internationally-recognised environmental and life sciences industry within the Greater Norwich area by focusing on the potential of Norwich Research Park.
Oxford and Oxfordshire: want to use a City Deal to accelerate the growth of the knowledge economy by building on the strong base (including significant clusters in bio-sciences, space technology and cryogenics), two world-class universities (Oxford and Oxford Brookes) and internationally-recognised ‘Big Science’ research centres (eg Culham Research Centre and Harwell Laboratories).
Plymouth: wants to use a City Deal to build on its strengths in advanced engineering and design, marine renewable energy, maritime and sub-sea operations and supporting technologies. It seeks to do this by increasing the commercialisation of research in these areas and increasing exports from its high growth companies.
Preston: has seen significant private sector growth in the last 10 years, largely driven by growth in small and medium sized businesses. Preston want to build on this and sustain further growth, particularly in the aerospace and advanced manufacturing sector by investing in infrastructure.
Reading and Central Berkshire: want to use a City Deal to ensure that local people have the skills they need to access local job opportunities. Reading wants to focus on ensuring that people have skills in the growing sectors (particularly construction, logistics and knowledge intensive areas) and to ensure school leavers have the soft “employability” skills businesses need.
Southend and South Essex: want to use a City Deal to increase investor confidence to increase the supply of good quality office space and housing which will accelerate business expansion.
Stoke and Staffordshire: want to use a City Deal to build on strong heritage to become the internationally competitive home for Advanced Materials businesses in Europe. They want to grow the advanced materials (metals, ceramics, polymers, etc.) sector and to promote the use in advanced manufacturing.
Southampton and Portsmouth: wants to use a City Deal to drive the growth and diversification of the maritime sector in the area. They are seeking to do this by supporting growth in the associated sub-sectors of transport and logistics, defence and advanced manufacturing, the visitor economy and the complex supply chains linked to research and innovation.
Sunderland and the North East: want to use a City Deal to expand their manufacturing base and to diversify and grow the city’s economy.
Swindon and Wiltshire: want to use a City Deal to capitalise on the strong military presence in the area. They seek to do this by increasing the number of spin-offs firms from developments in military technology and to harness the skills from ex-servicemen/women.
Tees Valley: wants to use a City Deal to establish a global super cluster of petrochemical and processing industries to compete on the world stage. They want to build on Tees Valley’s current industrial complex, which includes over 50% of the country’s petrochemical and a significant percentage of the pharmaceutical sectors. Such a super cluster would have at its heart the production of cleaner energy, containing new developing, and associated, sectors such as biofuels from waste and other forms of renewable energy such as offshore wind.
Deputy Prime Minister Nick Cleg has announced an investment of £1 billion under the Regional Growth Fund which will kick-start 130 projects across England.
The Government has estimated that today’s latest round of spending could create 240,000 jobs, many of those in the building construction industry.
The fund will help manufacturing firms, small businesses and local partnerships to expand their operations, create new jobs and stimulate economic growth.
Deputy prime minister Nick Clegg said: “This £1 billion boost for growth in towns and cities across England is creating jobs that will last in the parts of the country that need it most.
“In tough economic times the Regional Growth Fund is good value for taxpayers’ money – this £1 billion round of the fund is pulling in £6 billion of private sector investment.”
CBI chief policy director Katja Hall said: “The Regional Growth Fund is helping to meet businesses’ needs for growth capital up and down the country, enabling the successful companies to get projects off the ground.”
Commenting on the new initiative, business minister Michael Fallon, said that this is a significant investment which will help different sectors and provide strong economic boost for businesses across the country.
Mr Fallon said: “The selection process has been very fast – from companies applying to allocating funds in only five months.
“So we are keen to get a move on which is why this time, those selected have now only three months to agree final offers, and three months to complete due diligence. We want to ensure good value for the taxpayer and to get these projects started as soon as possible.”
The Government’s fund is set to build around 16,000 new homes and provide financial support for housebuilders on stalled sites across the country, paving the way for employment opportunities in the trades.
The HCA has estimated that the shortlisted schemes could unlock the building of 7,000 homes and create thousands of new jobs in the building construction sector.
HCA chief executive Pat Ritchie said: “The Get Britain Building programme is offering housebuilders the financial support to get stalled developments back on track, and I’m pleased that more than 100 projects can move forward to the due diligence phase.
“We listened to feedback from the sector and reduced the minimum scheme size to 15, and I’m therefore especially pleased that 20 smaller projects have come forward and the majority of bids have come from SMEs.
“These projects must now prove that they can be delivered quickly, provide value for money for the taxpayer and fit with local priorities. As well as building much-needed new homes, the work will create or protect jobs, and boost local economies.”
Around £300 million of recoverable investment has been allocated to more than 130 projects through the first round of the scheme expected to be completed by December 2014. Round two of the scheme, which was announced last week, will continue until March 2015.
“Deputy Prime Minister Nick Clegg says on TV that the Government’s planning changes are boost to solo traders in the trades”
The government is easing the planning rules on extending homes in England as part of a package to boost housebuilding and stimulate economic growth.
The Prime Minister and Deputy Prime Minister have announced a major housing and planning package which is set to build 70,000 new homes and create up to 140,000 construction jobs.
Speaking to BBC News this morning Nick Clegg said that people will be allowed to build up to 8-metre larger extensions to their houses without needing a planning permission. He argued that the relaxation of the planning regulations will create jobs and boost those professionals who are already working in the trades.
Clegg said: “The planning changes mean that people will get the local builder to extend their kitchen or conservatory which will create jobs and stimulate economic activity.”
The Deputy Prime Minister said that the package announced today includes investing hundreds of millions of pounds into building more affordable homes as well as a £40 billion guarantee for infrastructure projects to support the building construction industry.
The Prime Minister, David Cameron, said in a statement that the Government’s announcement will help people to build new homes and ‘kick-start’ the economy.
Mr Cameron said: “We’re determined to cut through the bureaucracy that holds us back. That starts with getting the planners off our backs, getting behind the businesses that have the ambition to expand and meeting the aspirations of families that want to buy or improve a home.”
- Removing restrictions on house builders to help unlock 75 000 homes currently stalled due to sites being commercially unviable. Developers who can prove that council’s costly affordable housing requirements make the project unviable will see them removed.
- New legislation for Government guarantees of up to £40 billion worth of major infrastructure projects and up to £10 billion of new homes. The Infrastructure (Financial Assistance) Bill will include guaranteeing the debt of Housing Associations and private sector developers.
- Up to 15,000 affordable homes and bring 5,000 empty homes back into use using new capital funding of £300m and the infrastructure guarantee
- An additional 5,000 homes built for rent at market rates in line with proposals outlined in Sir Adrian Montague’s report to Government on boosting the private rented sector
- Thousands of big commercial and residential applications to be directed to a major infrastructure fast track and where councils are poor developers can opt to have their decision taken by the Planning Inspectorate.
- Calling time on poor performing town hall planning departments, putting the worst into ‘special measures’ if they have failed to improve the speed and quality of their work and allowing developers to bypass councils. More applications also will go into a fast track appeal process.
- 16,500 first-time buyers helped with a £280m extension of the successful ‘FirstBuy’ scheme, which offers aspiring homeowners a much-needed deposit and a crucial first step on the housing ladder.
- For a time limited period, slashing planning red tape, including sweeping away the rules and bureaucracy that prevent families and businesses from making improvements to their properties, helping tens of thousands of home owners and companies.
“Growth-boosting railway projects to help for the creation of new electrical, plumbing and engineering jobs”
The Government has announced a £9.4 billion infrastructure investment package that will deliver sustainable economic growth and pave the way for thousands of new jobs for people in the trades, the Department for Transport revealed today.
The plan includes the electrification of a number of railway schemes including the Midland Main Line between Bedford and Sheffield creating new jobs in the electrical engineering sector.
Other rail improvements contributing for the creation of more employment opportunities for trade professionals including electricians and engineers, have been announced for the Manchester area, south Wales and East Coast Main Line
Prime Minister David Cameron called it the “biggest modernisation of our railways since the Victorian era” with the deputy Prime Minister, Nick Clegg, naming it as “the biggest expansion in railways in over 150 years”.
The £9 billion investment of growth-boosting railway upgrades across England and Wales will mean faster journey, more reliable services and an increased capacity for 140,000 extra daily commutes, Transport Secretary Justine Greening said in a statement.
Prime Minister David Cameron said: “From Crossrail, high speed rail and now the billions of pounds of investment we are announcing today, this government is committed to taking the long term decisions to deliver growth and jobs.
“In what is the biggest modernisation of our railways since the Victorian era this investment will mean faster journeys, more seats, better access to stations, greater freight links and a truly world class rail network.”
Chancellor of the Exchequer George Osborne commented he was pleased with the government’s decision to fund in full the Northern Hub which will help rebalance the UK economy and enable future economic growth throughout the regions.
Mr Osborne said: “This government is making more funds available to invest in rail projects than at any time since the Victorian era, and shows that the government is committed to delivering on its promises to support investment in public infrastructure that will support economic growth.”
As reported on the BBC website some of the newly announced major improvements include:
- Electrification – completion of the Midland Main Line from Bedford to Sheffield costing £800m, local lines in the Welsh Valleys, costing £600m, and an extension of the already-announced electrification between Manchester and Leeds
- The Northern Hub – a series of projects around Manchester worth £322m that improve northern rail capacity to get more and faster trains across the north of England
- Upgrades to the East Coast Main Line from London to Leeds and Newcastle worth £240m to create faster journeys and capacity
- The reopening of the east-west link from Oxford and Aylesbury to Milton Keynes
- Electrification of the lines from London to Bristol and Cardiff, and from Manchester to Liverpool, Blackpool and Leeds
- Upgrades to stations and tracks creating capacity for an additional 140,000 daily rail commutes at peak times, including £350m for lengthening platforms at London’s Waterloo station
What’s your reaction to the huge investment in rail infrastructure projects across England and Wales which is expected to boost the economy and create new jobs? Share your thoughts by commenting here or raising your voice on our Facebook and Twitter page.
Nick Clegg has announced plans to give some of England’s biggest cities new powers and extra cash in an attempt to boost employment and restore economic growth, the BBC reported today.
During a visit to Yorkshire, the Deputy Prime Minister revealed the government will transfer more economic controls to local authorities under city schemes which he called ‘groundbreaking deals… freeing cities from Whitehall control’.
Extra powers will be given to the cities of Birmingham, Bristol, Newcastle, Leeds, Nottingham and Sheffield as deals for Liverpool and Manchester were already agreed earlier this year.
Deputy Prime Minister Clegg said: “Everyone in these eight core cities will feel the benefits – from young people looking for jobs, to businesses looking to expand.”
Under the current system, councils running England’s major cities have to lobby central governments if they want additional investment to fund major infrastructure projects.
However, under the new city deals, guaranteed funding will be provided for the city authorities to spend as they choose. This is expected to will cut red tape and make it easier for businesses to deliver major development projects in the future.
Hilary Benn, Shadow Communities and Local Government Secretary, said: “Labour strongly supports local communities being given more powers – indeed I have been calling for this for some time.
“These city deals represent an important victory for local people and local government. And many people think that local government will do a better job at looking after their local economies and boosting skills than the Tory-led government is doing nationally.”
If you live in Birmingham, Bristol, Leeds, Newcastle, Nottingham or Sheffield, how do you think the new deals could help you/ your business? Share your thoughts by commenting here or raining your voice on our Facebook page.
Today, the Deputy Prime Minister Nick Clegg will announce that energy companies in Britain will be required to promote the cheapest available tariff to customers. Mr Clegg will say that under the current system 7 out of 10 people are paying more than they need to in energy bills due to little transparency in the formation of their bills or confusing regime of energy tariffs.
Announcing the new scheme in Canary Wharf, London, the Deputy Prime Minister will enforce energy companies in Britain to inform their customers how to save up to £100 every year from their energy bills.
The energy industry regulator Ofgem published a review last year which concluded that the energy market works against consumers’ interest because it’s too complex.
Mr Clegg has secured the backing of the 6 major energy firms, EDF, E.ON, British Gas, Southern Energy, Scottish Power and Npower that supply 99% of British homes with energy. He will state the scheme will help millions of customers to make significant savings on their annual energy bills.
Deputy Prime Minister Clegg will say: “There are currently over 120 different tariffs, making it very difficult to know where to start. That is going to change.
“As of this autumn, your supplier will have to contact you with the best tariff for your needs – and if you call them, they’ll have to offer you the best deal too.”
What’s your opinion to the new scheme which will be launched today by Deputy Prime Minister Clegg to help customers save from their energy bills? Share your thoughts by leaving a comment on Train4TradeSkills’ Facebook and Twitter pages:
With the increased funding, the total amount available to firms that are looking to create new jobs will reach £2.4 billion. The scheme is expected to make a significant contribution to the manufacturing and construction industry.
Deputy Prime Minister Nick Clegg said the RGF is already having a huge impact on jobs’ creation because businesses across the UK now have the investment which will contribute to their local economy. The Liberal Democrat shared his enthusiasm about using the money for carbon cutting initiatives that will have positive effects on the environment and the renewable sector.
Mr Clegg said: “There have been over 170 successful bids to the fund, leveraging around £7.5 billion of private sector investment and set to create and protect 330,000 jobs. I want to see more businesses that are confident they can create jobs and get Britain building”
“Funding from rounds one and two has gone to some extraordinarily promising manufacturing projects. From Pirelli Tyres in Carlisle who’ll use the money to develop a new range of carbon-cutting tyres; to a Portsmouth based company which hopes to use theirs to create a cutting edge boat building college.
“These projects will lead their communities into brighter times, helping put industry at the heart of the UK’s economy. Businesses have until June to apply for a share of this extra £1 billion.”- Deputy Prime Minister Clegg added.
How would your business benefit from the £1 billion investment of the Regional Growth Fund? Share your thoughts by leaving a comment below: